Economy, asked by raghus28484, 8 months ago

scarcity is the root of all economic
problems Explain this statement​

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Answered by kk7773
1

Answer:

Scarcity is the root cause for all economic problems. ... Thus, it is due to the scarce availability of resources (having alternative uses) to fulfil the different and competing unlimited wants that an economy faces the economic problem or the problem of choice.

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